Market Highlights
The Global Epichlorohydrin is expected to witness a significant growth
of ~ 2580.04 Kilo Tons by 2023 with CAGR of ~5% between 2016 and 2023
Epichlorohydrin also known as ECH, chloromethyloxirane, 2, 3-epoxypropyl
chloride, oxirane. Epichlorohydrin have features such as excellent resistance
to hydrocarbon oils & fuels, excellent resistance to ozone &
weathering, low solvent & gas permeability, and durability from low to high
temperature. Epichlorohydrin is used
mainly for the production of epoxy resins, synthetic glycerin, water treatment
chemicals, and others. Substantial growth in the demand of epoxy resins for
various end-user industries anticipated to drive the epichlorohydrin market and
high demand of synthetic glycerin due to increasing applications projected to
drive the epichlorohydrin market. Epichlorohydrin is irritating and moderately
toxic when it gets contact with skin and if swalloed, also it is carcinogenic.
Hence concern of regulatory bodies regarding dangerous effects of
epichlorohydrin on health as well as environment expected to hamper the global
epichlorohydrin market growth.
Global Epichlorohydrin Key Players
Key
players of the global epichlorohydrin market are Solvay S.A. Chemicals company
(Europe), Zachem SA (Europe), Samsung Fine Chemicals Co., Ltd. (Korea), Dow
Chemical Company (US), Sumitomo Chemical Co. (Japan), Aditya Birla Chemicals
(India), Osaka Soda Co., Ltd. (Japan), Formosa Plastics Corporation (US),
Shandong Haili Chemical Industry Co. Ltd (China), NAMA Chemicals (Saudi
Arabia), and others.
Segmentation
The
global epichlorohydrin market is majorly segmented on the basis of application,
end users and region. Based on application of epichlorohydrin the market is
segmented into epoxy resins, synthetic glycerin, water treatment chemicals, and
others (elastomers, water-treatment resins, surfactants, ion exchange resins,
plasticizers, dyestuffs, oil emulsifiers, lubricants, and adhesives). Based on
end user the market segmented into automotive, electronics, textiles,
pharmaceutical, construction industry, and others and based on region market is
segmented into North America, Europe, APAC, Latin America, and Middle East
& Africa.
The report about Global Epichlorohydrin Market by
Market Research Future comprises of extensive primary research along with
detail analysis of qualitative as well as quantitative aspects by various
industry experts and key opinion leaders to gain a deeper insight of the market
and industry performance. The report gives a clear picture of the current
market scenario which includes past and estimated future market size in terms
of value and volume, technological advancement, macro economical and governing
factors in the market. The report further provides detail information about
strategies used by top key players in the industry. It also gives a broad study
about different market segments and regions.
Regional
analysis:
The
global epichlorohydrin market is classified on the basis of mixed geographic
segmentation which involves regions such as America, Europe, Asia-Pacific,
Middle East and Africa. Out of all, Asia Pacific epichlorohydrin market is
largest market owing to robust industry growth of application industry in
China, Japan and India. Asia Pacific epichlorohydrin market size is likely to
witness highest gains over the forecast period. Positive stance on end-use
industries such automotive, electronics, textiles, pharmaceutical, construction
industry, and others in countries like China & India is predict to drive
demand. Increasing demand for construction industry in the Indian, Taiwan, and
South Korea has made Asia Pacific largest consumer of the epichlorohydrin
market. China is major dominating country owing to large scale production of
end user industries such as automotive, electronics and textiles industry.
The
second largest market for epichlorohydrin is Europe due to increasing demand
from European countries such as Germany, Spain, Italy, France, U.K. and others
owing to their huge development. In Europe region epichlorohydrin is primarily
used as a raw material for the production of epoxy resins which finds wide
application in various industries such as building & construction, automobile,
marine, consumer goods and in pharmaceuticals. The rapid growth of these
end-user industries will drive the overall growth of epichlorohydrin industry
in Europe region.
In
North America, the textile and automotive industry accounting for a good
consumption of epichlorohydrin is huge in the US followed
by Mexico and. Moreover, key players also have started concentrating on
consuming glycerin which cause slowing substituting propylene in the production
of epichlorohydrin. Glycerin is expected to be the fastest growing raw material
segment of the market within the forecast period as it used in the production
of bio-based epichlorohydrin. Therefore, APAC, North American and Europe region
has huge demand for epichlorohydrin in various industry is anticipated to
record a proliferation rate. The developing economies including Latin America (Argentina
and Brazil) and Middle East are also predicted to give considerable growth rate
in the global epichlorohydrin market over the forecast period.
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